RE:RE:RE:RE:Welp...I respectfully disagree with your statement that DHX is an expensive stock on any metric. DHX's value is in its content. Management continues to build this asset, through production, acquisitons and licensing deals. They are also good at making use of it - the financials speak to this point - and my feeling is they will continue to get better at this. They are just starting to scratch the surface of the potential in M&L. In addition to that, the Bell deal will not only provide them with a new revenue stream, but it puts them in the distribution business, which gives them the ability to build awareness of and exploit the content they produce and own.
If you've bought the stock, and are in it for the short term, P/E and whatever other metrics you're using may indicate that its expensive. But if you bought the company, and the advantage its building through what I just mentioned, my opinion is you're getting it at a discount.